NEW YORK ( TheStreet) -- Carlos Slim, the world's richest man, according to Forbes list of billionaires, is looking to make money while precious metals shine. Slim's Grupo Carso SAB's mining arm Grupo Frisco is mulling opening more mines this year in order to benefit from rising gold prices that stood at record highs last month. The billionaire is now digging for gold in Mexico. Last month, the group revealed its plans of investing approximately $3 billion in Mexico during 2010.On July 13, the company acquired El Porvenir gold mining project from Canada-based Goldgroup Mining for $25 million. The mine has an annual production capacity of 50,000 ounces of gold, according to Goldgroup.
Carlos Slim Betting on Gold
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